LONDON (Reuters) - British Prime Minister Rishi Sunak will commit to a promise to build 1 million homes by the next national election, tackling a lack of housing stock that has alienated some younger voters who are often forced to pay high rents and are unable to buy.
Rent prices will continue to rise as landlords quit the property market in record numbers, one of the country’s leading property associations claims.
House price growth slowed to 1.9% in the 12 months to May and a further slowdown is expected as the full extent of mortgage rate rises feeds through.
Asking prices have edged up 2.6% since the start of the year
Is it enough to stop further base rate hikes?
Mortgage Defaults Rise 30% in Three Months says the Bank of England... and lenders expect more missed payments triggered by soaring rates
BTL landlords are expanding their portfolio as tenant demand continues to rise.
New research aims to address the age-old debate of which generation has it worse when it comes to housing affordability.
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